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Collateralized Debt Obligations,[object Object],[object Object],A General Overview of the Genus-JAMES,[object Object],[object Object],Commercial Real Estate CDOs-TOM,[object Object]
What Are Collateralized Debt Obligations (CDOs)?,[object Object],Type of SPE constructed to hold assets as collateral and to sell tranches of the cash flows derived from the underlying assets to “QIBs”,[object Object]
The Taxonomy of CDOs,[object Object]
Taxonomy Based on AssetsWhat are they made of?Debt Products That Create Cash Flow Streams,[object Object],[object Object]
Mezzanine Debt
Middle Market Loans
Non-Performing Loans
Distressed Debt and DIP Financings
Non-funded Loan Commitments
Forfaiting Assets                             (trade finance-related debt)
Private Equity
Hedge Funds
Derivative Exposures
Synthetic Securities
High Yield Bonds
Leveraged Bank Loans                    (both term and revolving)
Investment Grade Bonds and Loans (both term and revolving)
Emerging Market Sovereign Debt
Emerging Market Corporate Debt
Asset-Backed Securities  (ABS)    (including CDO securities)
Mortgage-Backed Securities        (MBS & CMBS)
Project Finance Debt                     (bonds and loans),[object Object]
“Mark to Market ” eliminated through securitization
Market Value
More frequent trading to realize capital gains profits,[object Object]
Initiated by  originators to remove assets from the balance sheet
Arbitrage CDO
Initiated by Investors
Collateral Manager purchases assets from the market,[object Object]

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